CHEFA closes a $500,000,000 transaction with Yale University

On May 15, 2025, CHEFA closed on a $500,000,000 transaction for Yale University. The bonds were issued in three series with five, seven and ten-year term modes. Proceeds from the bonds will be used to finance a portion of two critical initiatives of the University for its Upper Science Hill Development Project in the Science Hill areas of the University’s New Haven campus and renovations to and expansion of the Osborn Memorial Laboratories located at 165 Prospect Street. The bond sale was well received in the market with yields ranging from 3.28% to 3.66% for the three series of bonds. The $500,000,000 offering was CHEFA’s largest new money financing in its 60-year history.